Annuities

Build tax-deferred savings and receive a guaranteed income stream.

Annuities are retirement savings plans for tax-qualified and nonqualified funds. Premium payments grow with tax-deferred interest. Withdrawals are available with certain qualifications. Savings can provide a guaranteed income for life or for a specified period.

   Bonus SPDA 2% (policy form ICC10ELP007 or ELP007) (LP202 for CA only): 
   Bonus SPDA 1.5% (policy form LP216):
   Bonus SPDA 1% (policy form LP215):

A Single Premium Deferred Annuity (SPDA) offers several advantages that can help meet your savings goals. The above annuities earn 2%, 1.5% and 1% bonus interest respectively during the first year. Current interest rate is guaranteed for one year.

Additional features include:

         ¦First year interest bonus guaranteed
         ¦Minimum premium: $10,000 
         ¦10% penalty free withdrawal per year after the first policy year 
         ¦Issue ages: 0-90 nonqualified, 0-80 qualified 
         ¦Nursing Home Rider and Terminal Illness Rider, in states where approved

 SPDA 3, 4 & 5 (policy form ELP004):

Current interest rates are guaranteed for three, four and five years respectively.

Additional features include:

         ¦Minimum premium: $5,000
         ¦10% penalty free withdrawal per year after the first policy year 
         ¦Issue ages: All ages nonqualified, 0-80 qualified 
         ¦Nursing Home Rider and Terminal Illness Rider, in states where approved